While it’s too early to state how a mind shift is happening from Bitcoin to other digital currencies, interesting things are bound to happen over the next few years. Due to the recent Ethereum price increase, many people see this project as a valuable complement to Bitcoin. The big question is what will happen if major companies and services start adding Ethereum to their Bitcoin-centric platforms. Or to be more precise, if that will ever occur in the first place.
Future Integration If Ethereum Price Keeps Increasing?
Ethereum has been getting a lot of attention from digital currency users and investors in recent months. The platform is labelled as a Bitcoin 2.0 project, as it uses blockchain technology and offers additional features on top of what Bitcoin is capable of. But that does not necessarily mean it will be integrated with platforms which are providing Bitcoin services right now.
Over the past few months, a multitude of exchange platforms has added the Ethereum digital currency, as they want to cash in on all of the excitement and investment flowing into Ether right now. For those looking to either buy or sell Ether, platforms such as Kraken and Anycoin Direct are all offering easy ways to convert to and from fiat currency on the fly.
A recent post on Reddit talks about how the future of Bitcoin services could look if they were to integrate Ethereum into their offerings. For example, what would happen if Circle or Coinbase decided to add Ether functionality? This would certainly make it easier and more convenient for users to buy and sell Ethereum, which will probably push the price up even more.
But at the same time, Ethereum is not the first digital currency to be called in the same breath as Bitcoin. Just a few years ago, people were getting very excited about the launch of Litecoin, and what it could mean to Bitcoin platforms. As it turns out, Litecoin is added to very few platforms, and not too much happening there regarding development.
Ethereum is quite different, though, as the development of this project has only just begun. Similar to Bitcoin, the Ethereum protocol will take years, if not decades, to fully unlock its potential. But that is not a bad thing, as the current Ethereum price is indicating a growing demand for this project, even before development has come to fruition.
It remains unclear as to whether or not major platforms will integrate Ethereum at some point although the possibility is certainly there. There is no denying the potential offered by Ethereum and the developers, as this project could shake up things in the digital currency world by quite a margin. The recent Ethereum price increase could just be a sign of things to come.
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